Why is Spanish Unemployment so High?

Juan Dolado and Juan F Jimeno

No 1184, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: In this paper we analyse the underlying causes behind Spanish unemployment which is now at 24%. We interpret this unfortunate outcome as the result of a series of adverse shocks, compounded by disinflationary policies and by a flawed system of labour market institutions. Our aim is to explain the main sources of shocks to unemployment, and the most relevant features of their transmission mechanism. To do so we use a structural VAR approach in modelling the Spanish labour market.

Keywords: Persistence; Shocks; Spain; Unemployment (search for similar items in EconPapers)
JEL-codes: E6 J3 J4 J5 (search for similar items in EconPapers)
Date: 1995-05
References: Add references at CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1184 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
Working Paper: Why Is Spanish Unemployment So High? (1995)
Working Paper: Why Is Spanish Unemployment so High? (1995)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:1184

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=1184

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().